The folks at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December.
- That supersedes the $160,000 option as the most traders can bet where the leading cryptocurrency will rise.
- Even with today’s wild ride for bitcoin there have been no takers at any strike north of $80,000.
See also: Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst
